The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, says that crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). “I...
Tag: central
Hungarian Central Bank Governor Advocates EU Wide Crypto Ban
The Governor of the Hungarian Central Bank, György Matolcsy, recommended that all cryptocurrency-focused activities including trading and mining should be banned across the European Union. In a releas...
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining – Bitcoin News
The governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and tend...
IMF Favors Central Bank Digital Currencies Over Crypto, According to Managing Director
The International Monetary Fund (IMF) thinks central bank digital currencies (CBDCs) could be a better bet than crypto. Kristalina Georgieva, the managing director of the IMF, says in a new statement ...
Central Bank of Kenya Releases Discussion Paper on CBDCs
Central Bank Digital Currencies (CBDCs), a phenomenon that took over the global financial system in 2021, is now getting popular among African economies. Recently, the Central Bank of Kenya (CBK) publ...
Hungary’s central bank chief wants EU-wide crypto trading and mining ban
György Matolcsy, Governor of the Hungarian National Bank, has proposed a blanket ban on all cryptocurrency trading and mining operations across the European Union. Governor Matolcsy cited the recent ...
Hungary’s Central Bank Calls For Ban on Bitcoin Mining and Trading
As cryptocurrency becomes more and more acceptable, the calls to regulate the sector are growing. The latest in a growing number of central monetary entities which seek to ban cryptocurrencies is the ...
EU-Wide Bitcoin Ban Proposed by Central Banker
Alex Dovbnya The EU should impose a blanket ban on cryptocurrencies, says the governor of Hungary’s central bank György Matolcsy, head of Hungary’s central bank, has proposed imposing a bl...
Jamaican Central Bank Says It Has ‘Successfully Completed CBDC Pilot’ – Coinotizia
The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service...
Hungary’s Central Bank Chief Supports Crypto Ban
Key Takeaways György Matolcsy, the governor of the Central Bank of Hungary, has sided with the Bank of Russia by supporting a crypto trading and mining ban. Matolcsy also cited his support for the top...
Governor Of Hungary’s Central Bank Has Just Proposed EU-Wide Ban On Bitcoin ⋆ ZyCrypto
Advertisement     Several nations have already outlawed cryptocurrencies like bitcoin, with China being the most high-profile example. The People’s Republic of China i...
Two Senior Federal Reserve Staffers Made Trades Amid Central Bank’s 2020 Stimulus
Topline Two senior Federal Reserve staffers reported a series of financial trades as the central bank was putting in place historic levels of stimulus to prop up the economy at the onset of the Covid-...
India Central Bank Governor: Crypto Is ‘Big Threat’ to Financial Stability
The governor of the Reserve Bank of India, Shaktikanta Das, said on Thursday that private cryptocurrency “is a big threat to our macroeconomic stability and financial stability.” Das added that crypto...
Governor of Hungary’s Central Bank Calls for Bitcoin Mining and Trading Ban
The Central Bank of Hungary joined the growing number of central monetary entities believing that bitcoin trading and mining should be banned. Similar to most bashers, the organization’s Governor asse...
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection – Coinotizia
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price vo...
Kenyan Central Bank Seeks Public Opinion concerning CBDC
As a change of tune about crypto assets, the Central Bank of Kenya (CBK), Kenya’s apex bank, seeks to ask for public opinion about the potential introduction of a central bank digital currency (CBDC)....
Indian Central Bank Chief Likens Crypto to Tulips
Key Takeaways Shaktikanta Das, the governor of the Reserve Bank of India has made fresh comments against crypto assets. The governor said private cryptocurrency was a threat India’s macroeconomic and ...
Due to the Central Bank of Ireland currency skepticism, allowing retail investment seems unlikely
Keeping into consideration the high risk involved in digital assets and ‘not much expertise’ of retail investors, the central bank of Ireland money put its concern Thursday’s report consists of the Ce...
“Cryptocurrency Is Threat to Financial Stability”- Indian Central Bank Governor
RBI Governor Shaktikanta Das has once again dropped some bombs over the future of cryptocurrencies in India. In a post-monetary policy briefing, he termed crypto a threat to macroeconomic and financia...
Central Bank of Kenya seeks public input on potential CBDC
The Central Bank of Kenya (CBK) has published a discussion paper on its central bank digital currency (CBDC), seeking public input on the potential benefits and risks and regulatory issues of introduc...
Former Thai Central Bank Director Predicts Crypto Bubble Emerging in March – Markets and Prices Bitcoin News
A former Bank of Thailand director has warned about an imminent crypto crash. “A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” he reportedly pred...
Irish Central Bank Scuppers Plans for Retail Crypto Trading
It may be rumored to be the destination for Binance’s new headquarters, but Ireland remains unlikely to give the go-ahead for a retail Alternative Investment Fund any time soon. The country’s central ...
Central Bank Digital Currencies are not Crypto
CBDCs and cryptocurrencies are two very different things. A public that is uneducated on the matter could well misunderstand the two types of currencies, leading to what may be quite far-reaching cons...
Central Bank of Argentina Scrutinizes Companies Offering ‘Extraordinary Returns’ on Crypto Asset Investments – Coinotizia
The Central Bank of Argentina has announced it is making inquiries regarding cryptocurrency investment companies. Specifically, the bank stated they are investigating companies that are offering extra...
Russian government and central bank agree to treat Bitcoin as currency
The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a ...
Billionaire Chirathivat Family’s Central Retail Aims To More Than Double Revenue Over Next Five Years
Tos Chirathivat, chairman of Central Group, poses for a photograph in Bangkok, Thailand, on … [+] Wednesday, Jan. 3, 2018. Central Group, controls Thailand’s biggest operator of shopping m...
Irish central bank could fail to allow retail investors to hold crypto
Irish Central Bank is “highly unlikely” to support retail investors in their endeavour to gain exposure to crypto assets. Like many jurisdictions, the central bank notes that crypto-assets carry a hig...
Zimbabwe’s Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies – Fintech Bitcoin News
Zimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its own central bank digital c...
Erik Voorhees: Central Bank Digital Currencies Are ‘Orwellian Spy Surveillance Nightmare’
Erik Voorhees is many things: Bitcoin O.G., outspoken libertarian, and founder of the crypto exchange company-turned-DAO ShapeShift. He also hates the concept of central bank digital currencies (CBDCs...
Goodbye Easy Money as Hawkish Central Banks Speed Up Rate Hikes
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The end of easy money is upon us. Two years after the pand...
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code – Regulation Bitcoin News
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also pub...
Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment – Bitcoin News
Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that roll...